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The World's Largest Copper Mine Escondida Copper Production In The First Half Fell 39%

Sep 30, 2017

Santiago September 29 news, BHP Billiton's northern Chile Escondida copper production in the first half of this year was 327,863 tons. The mine is the world's largest copper mine.

Escondida copper production in the first half of 237,891 tons, down 35.7%; cathode copper production was 89,972 tons, down 47.1%.

The decline in production is mainly affected by strikes. The first quarter of the union by the union led to the output interrupted for up to 40 days.

However, the latest data show that output has recovered rapidly since the end of the strike in late March, and production in the second quarter jumped to 230,760 tonnes from 97,103 tonnes in the first quarter.

The strike did not reach a pay agreement at the end of the strike, which meant that the two sides would hold new consultations in the coming months.

The decline in production led to a decline in the first half of the company's profits by 91% to 50 million US dollars, although copper prices rose 22% to $ 2.61 per pound.